Polygon (MATIC) recently made significant strides in the cryptocurrency market. The value has seen an upswing, but it”s not alone. Chainlink (LINK) followed up with sugar in its long-term horizontal line. The Elliot Wave count is bullish, predicting a further LINK increase.
Pullix (PLX) also dominates the charts and could reach $1 following the conclusion of its presale. We will review both cryptos’ price performance to see just how far they can rise and determine which is the best crypto to invest in now.
Pullix (PLX) Combines the Best Elements of CEXs and DEXs to Provide the Most Value
Pullix (PLX) will create a vast ecosystem that can solve key liquidity and transparency issues in the industry. By featuring the best elements of CEXs and DEXs, it can supply an all-in-one solution that’s community-driven. Being one of the latest DeFi projects, it has the potential to surge the most in the upcoming months.
The platform will leverage blockchain technology and enable users the opportunity to access yield farming. Through doing so, they can gain the capability of staking their crypto balance and enable liquidity provisions.
Each user will begin trading perpetual futures, contract for differences (CFDs), and can even get access to the secure storage of their cryptocurrencies. There will also be a DeFi and NFT launchpad for exciting investment opportunities.
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The Pullix platform will also have advanced features, like Copy Trader, where users can copy the actions of the most experienced traders. Ethereum was chosen as the groundwork for this platform, as it can convert staked tokens into liquidity. Its ecosystem is also notable as it can boast a revenue share model, where anyone can profit from the daily revenue generated on top of the exchange.
Throughout its blockchain ICO, the crypto has managed to climb 75% so far. It’s currently trading at $0.08, with some analysts noting how it can surge as high as 100x. With its vast ecosystem and solid offering, PLX is seen as the best crypto to invest in now.
Polygon (MATIC) Expected to Experience Further Upswings – Is $1.42 Possible?
Polygon (MATIC)’s technical analysis presently suggests a highly positive outlook. The most recent surge in value has resulted in a move above the $0.90 price barrier. Continuing this Polygon price trend could soon result in an upswing that can recollect whale appeal in the cryptocurrency.
Investors need to be attentive to the immediate support at $0.88 as-well, as there could be a short price correction phase for the Polygon crypto before a further upswing occurs. As the market connects and attempts to engage in a stop-loss position at the upward price target, the future for the crypto is bullish. According to the Polygon price prediction, it can surge to $1.42 by the end of 2024. As a result, it’s seen as one of the most solid DeFi projects, but it’s not alone.
Chainlink (LINK) Showcases Bullishness – Price to Rise Above $23
Chainlink (LINK) is showcasing a time-frame chart on a weekly basis where the price is traded in a horizontal range. The price deviated above the range high during the week and reached a high point at $15.61. The price increase was seen as bullish, as a candlestick was formed on the chart, reclaiming the positive Chainlink price outlook.
Despite this reclaim, the Relative Strength Index (RIS) is in a neutral reading. While evaluating the Chainlink crypto market conditions, the Elliot Wave theory indicates that it has a bullish price trajectory. According to the Chainlink price prediction, it’s expected for the crypto to reach $23.53 by the end of 2024.
Summary
Polygon and Chainlink are both bullish on the charts, and their future performance will determine the direction of the altcoin market. In the meantime, investors seeking high ROI opportunities have moved to the Pullix presale as it boasts solid performance and a solid ecosystem. Through its all-encompassing platform, it will appeal to both newbies and experienced traders, making it one of the hottest altcoins of 2024.
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